Category Archives for General

Cutting Your Losses Early

“Cutting Your Losses Early… Know When it’s Time to Bail on a Bad Deal” When your primary plan of action doesn’t work, you need to have a backup strategy. This may involve switching gears from a retail sale to a rental or rent-to-own deal. It may also involve dropping your price, dropping your rent, or, […]

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What is an “Under Valued” Property?

Buying Real Estate Undervalued vs.Buying UNDER VALUE!“Undervalued” vs.. “undervalue”… is there a difference? People often speak of buying a property “undervalued”, as if they are discovering something nobody else figured out. Stocks, land, and real estate can all be purchased undervalued, but this is different from buying property UNDER value. Here’s the difference… Let’s say you think a […]

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Work a Farm Area for Your Investing

Work a FARM Area for Your Investing Real estate brokers generally have particular neighborhoods in which they work, rather than an entire city. Brokers refer to this as a “farm” area. You’d be wise to adopt a similar approach to your real estate investing business. The goal is to become an expert on one specific […]

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A House Is its Own Best “Comp”

A House Is its Own Best “Comp”An appraisal is a certification by a licensed professional that a house is worth a certain amount based on comparable sales. It is, however, an opinion of value based on one person’s analysis and experience. The actual “market value” is the amount a buyer is willing to pay and […]

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Dealing with Real Estate Agents as an Investor

The real estate agents have a valuable source of potential deals for the real estate investor – the Multiple Listing Service. Unfortunately, real estate agents have a monopoly on this information, so they may be a necessary part of an investor’s game plan. Dealing with real estate agents can be difficult as an investor. Agents […]

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Are you “CLEAR” on What is a Good Deal?

Are you “CLEAR” on What is a Good Deal?So often beginning investors focus on real estate investing techniques that they lose sight of the important issue – is this a good deal? Learning to recognize a good deal takes research, education and, above all, experience. Here’s a good formula to determine whether a potential real […]

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Top 10 Myths Preventing People from Succeeding in Real Estate Investing

Adjustable rate mortgages for real estate investors

The following are the top 10 reasons people use for not succeeding in real estate investing. If I offend anyone with this list, it probably means I’m right on track! Reason #1: No Cash The Myth: “You need money to make money” The Truth: Find a good real estate deal, and the money will find you. Ask any […]

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Are You Committed to Real Estate Investing?

There are many questions that should be asked before embarking upon a career of real estate investment. The first and foremost question however should be whether or not you are truly committed to making real estate work for you. This is not a business for the faint of heart. In order to truly turn a […]

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Are Real Estate Seminars Worth the Money?

Are Real Estate Seminars Worth the Money?by Attorney William BronchickIf you read the news media, you’ll see that there’s a proliferation of new real estate gurus and seminars coming around to feed the endless demand for real estate these days. I have counted some 10 different national outfits promoting real estate investing, “Get rich quick” seminars So, […]

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10 Easy Ways to Spruce Up Your Rental or Rehab

It’s easy to fix up your properties if you have unlimited cash. However, you need to keep your repairs to a minimum to stay profitable. You also need to keep your properties in good shape to attract tenants or buyers. There are basic improvements, such as carpet and paint, but these can still cost thousands […]

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